Buy Rpower , areva, L&T at opening

Gap open seen 170-200 points nifty , our nifty btst will rock today

BUY BANKS LIKE SBI, AXIS

BUY HCC IT WILL RUN LIKE HORSE

SELL HPCL,BPCL our stbt


Tech Mahindra may see action

Private equity firm Kohlberg Kravis Roberts & Co is reportedly eyeing BT Group's 31% stake in India's Tech Mahindra. The formal process of selling will begin in 10 days, the reports added.

Reliance Power has reportedly sought allocation of an additional coal block with total reserves of 100 million tonnes adjacent to its existing ones in Madhya Pradesh.

A stake in Firstsource Solutions, a leading business-process outsourcing company, has reportedly been put up for sale. Metavante, a US-based banking technology group, has appointed Goldman Sachs to find a buyer for its 20% holding in the Mumbai-listed company, the reports added. First-round bids are expected this month.

Wipro Technologies has reportedly put about 4%-5% of its workforce, about 2,400-3,000 employees, under the scanner for non-performance. While some would be given counselling to improve their performance, others would be asked to leave, the reports added.

Oil and Natural Gas Corporation (ONGC) reportedly plans to generate 1,000 megawatts worth of wind energy entailing an investment of Rs 6000 crore.

S Kumars Nationwide is reportedly set to buy an Italian shirt company for 75 million euros in a deal expected to be signed by the end September 2008. The funding for the proposed acquisition has been tied up.

Essel Propack has reportedly acquired 74% equity of Minneapolis based Medical Engineering and Design Inc, a supplier of specialized disposable medical devices, for cash. This acquisition was undertaken through its US subsidiary Tacpro Inc and rest of equity will be held by promoter employees.

Hotel Leelaventure reportedly plans to add seven new luxury hotels at Udaipur, Jaipur, Delhi, Hyderabad, Agra, Pune and Chennai over the next three to five years. Its floating casino at Goa has also become operational, the reports added.

ON N DEAL

SINGH IS KING - Or has he surrendered rights of the country to conduct any future nuclear tests? The political debate over this would go on and on and would be a major plank for the coming elections in 2009. MFF had already mentioned that US will use the bullying tactics to get NSG approval! Hence the Q who is King remains! Mr.Singh our PM has been repeatedly saying that India is free to test but the recent leaked secret letter does not suggest the same. The Congresses Mr.Kapil Sibal may use any kind of language in debates over the television or the totally communal Rajdeep Sardesai may try to dig others, but the fact remains PM says we can test and Bush says India cant hence I understand one of them is lying! Common sense says both contradictory statements cant be true! Why is the general public being misguided? Can Kapil Sibal or Rajdeep answer these questions?

- We spoke of the political angle, lets come to commercial angle of it now since these factors will affect our shares first. The Nuclear Deal would bring in Investment of Rs.400000/- Lac Crores in the next 12-15 yrs and hence obviously companies are going to benefit. Mind you though we may see short term rally to 16000 we may not sustain as the market will realise this money is not going to come immediately! How many of you are ready to wait for 12-15 yrs to make huge money? ;-) Pls answer this question

- The deal is not yet on. The signing process would take 4 – 6 months from now
before it is activated. Can anyone answer how much time it would take before the first volt of electricity is flown out? Answer the Q on above link again then I will answer it finally.

- Lines from the earlier posting reproduced: Nifty is seeing good support level at
4200 and we should test 4600 - 4700

India US Nuclear Deal Beneficiaries

Larsen & Toubro

Bharat Heavy Electricals

National Thermal Power Corporation

Areva T&D India

Alstom Projects India

Rolta India

Gammon India

Hindustan Construction Company

ABB

Crompton Greaves

Walchandnagar Industries

Reliance Energy

Tata Power Company


Larsen & Toubro has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.

Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.

National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.

Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.

Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.

Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.

Gammon India has undertaken turnkey construction for nuclear projects.

Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.

ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.

Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.

Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.

Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.

Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.